Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

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Housing Market Marketing Sellers Buyers 419

Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Housing market inventory.

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Housing Market Marketing Inventory Mortgage 511

Housing Wire

AUGUST 6, 2024

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. And there’s justifiable concern as the market has yet to respond to the recent decline in rates. “It’s

Housing Market 454

Housing Market Marketing Brokerage Agents 454

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. Why choose 2011?

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Housing Market Marketing New Listings Contracts 374

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. And the median days on the market was 56 in December , compared to the national median of 43.

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Housing Market Marketing Logistics Real Estate 457

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. in April 2023, according to the National Association of Realtors (NAR). The national median home price decreased 1.7%

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Housing Market Marketing Retail Sellers 457

Housing Wire

FEBRUARY 15, 2024

Anywhere demonstrated our leadership strength in 2023, driving meaningful results in a tough real estate market,” Ryan Schneider , Anywhere president and CEO, said in a statement. “In The company produced these results amid “an incredibly difficult year for the housing market,” Schneider said during an earnings call on Thursday.

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Housing Market Marketing Brokerage Agents 410

Housing Wire

APRIL 22, 2021

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride. From NAR: My biggest fear for the U.S.

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Housing Market Marketing Realtors Inventory 539

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 Housing is the cost of shelter to own the debt; it’s not an investment.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. Purchase application data.

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Inventory Housing Market Marketing Mortgage 482

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. So let’s take a look at the playbook.

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Housing Market Marketing Inventory Realtors 480

Housing Wire

JULY 10, 2024

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues.

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Realtors Inventory Agents Clients 428

Housing Wire

OCTOBER 19, 2023

The savagely unhealthy housing market continues to unfold as we approach Halloween. Too many people chasing too few goods — and days on the market are still under 30 days. It’s like we invited Freddy Krueger, Jason and Michael Meyers to come for a haunted housing market party. The core problem?

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Housing Market Marketing Inventory Buyers 492

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. My rule to get the housing market out of the unhealthy stage is that we need total inventory back between 1.52

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Housing Market Marketing Inventory Realtors 528

Housing Wire

SEPTEMBER 30, 2024

Cooler fall temperatures have brought less intense housing market conditions to the once white-hot market of Bergen County , New Jersey. “We We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We as of Sept.

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Housing Market Marketing Inventory Agents 343

Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Why today’s housing market makes speed and agility crucial for lenders. Why today’s housing market makes speed and agility crucial for lenders.

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Housing Market Marketing Inventory Contracts 538

Housing Wire

JULY 13, 2022

Other top stories looked to make sense of the new environment, including: · How mortgage lenders are navigating life at 6%. · Housing starts data raises 5th recession red flag. Top podcasts: · State of the housing market June 2022. · Will Realtors ever go extinct? CFPB to review QM rule. Effects of the Fed’s rate hike.

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Housing Market Marketing Realtors Technology 395

Housing Wire

MARCH 4, 2024

In our dedication to providing the full picture to housing professionals across the U.S. housing market, HousingWire has partnered with Illinois Realtors , bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s real estate market.

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Realtors Real Estate Housing Market Brokerage 436

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million and 6.16

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Housing Market Marketing Inventory Mortgage 504

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

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Housing Market Marketing Training New Listings 452

Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. In 2018-2019, total housing market inventory was in the range between 1.52

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Housing Market Marketing Inventory Construction 511

Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. HousingWire’s 2025 forecast of 3.5%

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Marketing Inventory Housing Market Realtors 293

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 460

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

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Housing Market Marketing Inventory Construction 461

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. The post Existing home sales data: A bad sign for housing market? Already a member?

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Housing Market Marketing Inventory Realtors 541

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. . It’s like a horse race.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The mortgage market is projected to slip further to $2.17 trillion in 2022.

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Housing Market Supply Chain Marketing Inventory 435

Housing Wire

MARCH 18, 2024

For agents navigating and servicing the American housing market , acknowledging its profound evolution over recent decades is crucial. BrightMLS services seven states and some of the nation’s most important and diverse housing markets, including Maryland, New Jersey, and Washington, D.C. year-over-year increase to 70,829.

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Real Estate Agent Housing Market Real Estate Agents 409

Sacramento Appraisal Blog

FEBRUARY 1, 2022

The market is rising, which is normal for January. UPCOMING PUBLIC SPEAKING GIGS: 2/9/2022 Yolo Associaton of Realtors market update (details) 2/18/2022 WCR El Dorado County market update (details) 2/25/2022 Placer Association […]. Do you smell that? It’s price growth. Let’s talk about it.

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Housing Market Marketing Realtors Buyers 427

Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. A positive indicator for the housing market is the overall number of permits issued for single-family homes, which increased 4.6%

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Inventory Housing Market Marketing Supply Chain 545

Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 million, which I would find to be the best thing ever for housing, is not happening this year. I have stressed that housing doesn’t move like the stock market. million , down 3.4%

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

SEPTEMBER 19, 2023

This is alarming because this was the moment last year when the market turned south. This “higher for longer” conventional wisdom is working its way through the housing market. I interviewed Dr. Jessica Lautz from the National Association of Realtors for the Altos podcast and we talked about the prospect of 8% mortgage rates.

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Housing Market Marketing Inventory New Listings 469

Housing Wire

SEPTEMBER 25, 2024

The Alabama Association of Realtors is calling out for change in national membership models. But according to many in the industry, Realtors in Alabama are not the only ones seeking more choice. Image created by AI in Midjourney.) If we fail to act, we may lose these members forever.

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Realtors Agents Real Estate Brokerage 434

Housing Wire

JUNE 29, 2022

The real estate market is cooling down. Reports released this week by several respected market observers point to less good and increased bad and ugly ahead for the housing market. Moody’s Investors Service , in a housing-market report released this week, puts some ugly back into the home-sales figures for May, however.

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Housing Market Marketing Mortgage Investors 448

Housing Wire

NOVEMBER 18, 2020

That trend is holding true for the housing market in Hawaii, located about 2,500 miles west of the mainland. The average cost of moving a 3-bedroom house to Hawaii is between $5,000-$10,000, based on the weight of the shipment or the dimensions, and it costs about $1,000 to $1,500 to ship a car, according to Hawaii life.

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Housing Market Marketing Real Estate Agent Inventory 488